Rich B wrote: ↑Mon Sep 30, 2024 1:32 pm
Swervin_Mervin wrote: ↑Mon Sep 30, 2024 1:29 pm
Rich B wrote: ↑Mon Sep 30, 2024 1:26 pm
hopefully it’ll be PILON and tax free then…
Why would payment in lieu of notice be tax free? Redundancy Payments are tax free, but afaia pilon is just treated as salary.
Im just reading up - i’ve had PILON before, at a company that i’d only been at <6 months and it was tax free (it was a good chunk of my first house deposit). not sure now…
When I've been involved in this before, the company had to be prepared to create a paperwork trail as if you'd been made redundant to avoid tax, but that was 12 years ago.
